Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi

Question

3 years ago

5

Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the ________________ to the financi

al sector. Select one: a. migration of low-level talent b. migration of high-level talent c. migration of entry-level MBA talent d. migration of large amount of cash

Business

1 answer:

blagie [28] · Answer 1 · 2022-06-30T01:26:18+03:00

Answer:

The correct option is D) migration of high level talent

Explanation:

Renaissance Technologies (RenTech) is a good example of a hedge fund that has benefited from the migration of high level talent to the financial sector.

Known for their continued success and almost impenetrable fortress, Renaissance Technologies (RenTech) continues to thrive with a net worth of US$ 110 billion as of June 30, 2019.

Their mode of operation is uncommon and their human resource was drawn from a bunch of mathematicians and very skilled scientists.

This hedge fund specializes in systematic trading using quantitative models derived from mathematical and statistical analyses.

Their success is not unconnected with the migration of high level talent into the financial sector.